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Bearish-divergence

Look here potential +100 pip tradeCurrent situation We have a few confluence factors for a move to the downside. Right now this pair is in a very interesting situation. We can see an inverted head and shoulders formation (It is also called a "W" formation). After this formation, it is normal to see a push to the downside especially when we are at a structural level. COT reports On AUD we can clearly see a decrease in short position (10809 shorts were closed) while the EUR was getting stronger. On the other hand, we have the EUR and it was getting pretty strong. While the EUR was getting stronger the hedge funds added another 13239 shorts (To EUR) which can be another indication for a push to the downside. Bearish divergence on the weekly We all know that divergence is not something you should use by itself. You always have to combine it with other things which I am doing here. In my opinion, divergence works very well on the 240 min, daily and weekly timeframes. The point: We can spot bearish divergence on the weekly which is another sign for a push to the downside. !Trading on your own risk. I am not giving financial advice I am only showing the way that I am trading!
Short
by Mete_forex
1
BITCOIN | Bullish Cypher (update)@Kuba_San pointed me out that I might have used the wrong tool, TV has a dedicated tool for the Cypher. He is totally right. I just tend to hit the harmonic icon that's in my favorites toolbar. Adjusted my Cypher based on this tool and the new high C. Seems good to me to fuel the daily rocket with some bullish divergence so we are ready for a next push upwards. Just some ideas based on Ichimoku Cloud support. But we have to see it level by level. Will depend a lot of the current PA. So till the just possibilities.
BYBIT:BTCUSD.PShort
by Tom-Jones
BTCUSD - Short on 4hrThis would be a short term trade, as we're trading against the trend. Key takeaways: Price topping out around 200 day MA Lower volume levels on the bullish price action It looks like a bearish divergence on just about every indicator that I use regularly. -MACD -Stochastic -StochasticRSI -RSI/SmoothedRSI I would look for a test of our old channel resistance or 50 period 4 hr MA to take profits. It's a difficult time to trade against the bullish sentiment and price action but in order to break these divergences Bitcoin will have to pump HARD and probably break the 200 day MA. If I were trading this with margin I would definitely keep TIGHT stops, if it does go the other way could easily hit 10k. DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
COINBASE:BTCUSDShort
by BigBitsIO
God save the Reversed Bullish class A!Yeah. A very strong triple reversed bearish divergence c.A has just kicked in. This is a sign of a great bearish pressure. But a small return fire finally came from the (asian? already? hard to keep up with everything...) markets and we have consumed a lot of the impulse related to this divergence by another small divergence - but this time a reversed bullish class A. And you know what? Not dropped yet... The resistance at 7167 is very VERY strong. The price rarely goes below. So this proves bulls still strong. But the changes are obviously coming! Now we either drop to 6800+, and then flatting for a week or so, and then rocketing up, OR simply rocket up right now I say. The market is a lot more faster then the years ago. I believe we may even pump in a few hours, when the Europe banks are open!!! This reversed bullish class A is like a star! It holds the all pressure from thousands of greedy bears. And holds, surprisingly! It may fail, but don't fear - if a dip to 6800 happens this will be the finite la comedian for the depression period for GOOD! All bull! P.S. The reversed bullish class A generally confirms the continuation of the parent trend. It is mostly formed as a correction inside a bigger structure.
COINBASE:BTCUSDLong
by orbborisson
1